When used effectively, a QROPS may provide generous benefits to clients who have built up UK pensions over their working lives, and have now moved abroad or are considering doing so.
You can transfer to many different countries, which Abacus will assist you with - our expertise lie in Gibraltar and Malta, but can assist and manage during any transfer.
Gibraltar - a very attractive Jurisdiction
There is no requirement for you to be a resident in the jurisdiction chosen for your QROPS. Gibraltar is an HMRC recognised compliant jurisdiction which deducts a relatively low rate of withholding tax (2.5%) from QROPS pension income. It is an English-speaking EU territory, and is easily accessible from UK, Spain or Portugal for those with a preference for face to face interaction. Your financial adviser will help you decide whether Gibraltar is the best jurisdiction for your specific circumstances.